Take your pick.

Whether you have tax appetite and prefer a cash deal or you want to leverage a zero-down power purchase agreement, REC Solar commercial solar financing will work with you to maximize your finance goals. We have an in-house team ready to guide you through the cash flow analysis and weigh the options.

Solar Finance Options to Meet Your Needs

Our Finance Options Include:

PPA

With a solar Power Purchase Agreement (PPA), REC Solar will design, install and operate a solar system for our customer. The customer buys the power from REC Solar for a fixed, pre-determined rate that is lower than the local utility’s retail rate, providing cheaper power for the customer while leaving the process of operating the system to REC Solar.

LEASE

CASH OR LOAN

For companies interested in owning a solar system, a cash purchase has a high return on investment and allows the business to take advantage of the federal Investment Tax Credit (ITC). If you are taking out a loan, REC Solar has approved lending partners or can work with your existing lender.

Comparing the REC Solar Financing Options

Deciding Factors

PPA

Lease

Cash/Loan

Upfront Cost

None

None

Full Cost

Ownership

REC Solar*

REC Solar*

Customer Owned

Tax Credits*

Given to REC Solar

Given to REC Solar

Given to Customer

Maintenance

Covered by REC Solar

Offered

Offered

Term

20/25 Years

7/10 Years*

Customer Owned

*Customers can buyout the system at the end of the PPA or Lease term, or predetermined intervals. †Customer use of tax credits varies according to their tax situation.

If you choose to get a loan from your bank, REC Solar requires a letter from the bank confirming the loan amount.

Learn More About Solar Financing

Solar Power Purchase Agreements (PPAs) allow a developer to manage the design, permitting, financing, and installation of a solar PV system on a customer-owned site, with little or no upfront costs to the customer. The developer then sells the electricity from the system to the customer at a predetermined rate that is typically lower than utility pricing – allowing the customer to reduce their carbon footprint and offset grid dependency while saving on capital costs. The customer will also avoid operation and maintenance costs for the lifetime of the system (typically 10-25 years).

This low-risk, third-party financing option is a great option for a business that may have the physical space for a PV array, but does not have the capital required to build and own their system outright. The developer is able to generate income from the sale of electricity, and can also receive incentives from the system, such as federal or state tax credits. At the end of the contract term for the PPA, a customer has the option to either extend the PPA, choose to have the developer uninstall the system, or purchase the complete solar PV system from the developer.